Legal News

While I loved the fact that pooled employer plan (PEP) is an option as a multiple employer plan (MEP) under the SECURE Act, the problem is that one huge problem concerning MEPs remains and can’t be fixed by law. It’s the slow sales cycle in building...By: Ary Rosenbaum

When I was a kid, there were advertising campaigns that advised people to check their blood pressure because it’s always a great barometer of one’s health. When I was a teenager, the campaign with blood pressure was so successful, they eventually...By: Ary Rosenbaum

When prospecting potential clients that are considering a new 401(k) plan, push those tax credits if they qualify. The SECURE Act made some significant changes and upgrades, that they should be considered and discussed....By: Ary Rosenbaum

In any service industry, the quality of service and price can be far and wide. While people say that I focus way too much on the workings on the third-party administration (TPA) business, I have more experience in that field as an ERISA attorney and...By: Ary Rosenbaum

As an ERISA attorney, I get asked to review new retirement plan tools and plan provider marketing tools. If the product is crap or a complete copy of what is already out there, I’m not going to recommend it....By: Ary Rosenbaum

Northrop Grumman Corp. agreed on a tentative settlement regarding their 401(k) plan by offering to pay $12.4 million....By: Ary Rosenbaum

The Internal Revenue Service (IRS) has established a process that requires all retirement plan sponsor who have adopted a pre-approved retirement plan to restate their plans once every six years to reflect changes in the Internal Revenue Code and IRS...By: Ary Rosenbaum

A report by Cerulli on the future of the retirement plan business had a startling number. The report showed estimates that the 10 largest recordkeepers will represent more than 75% of record kept 401(k) assets by year-end 2019. That’s a startling...By: Ary Rosenbaum

I have life insurance and it’s an important financial tool to protect your loved ones. I’ve never been a fan of maintaining a life insurance policy within a qualified plan and that bias against it is because of the compliance errors I’ve seen with...By: Ary Rosenbaum

National Rural Electric Cooperative Association (NRECA) is a national service organization that represents more than 1,000 rural electric cooperatives around the United States. NRECA sponsors a 401(k) multiple employer plan (MEP) and is a target of a...By: Ary Rosenbaum